Share Price and Basic Stock Data
Last Updated: October 29, 2025, 4:52 am
| PEG Ratio | 0.73 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
CEAT Ltd operates in the tyre and tube manufacturing industry and has showcased a robust revenue trajectory. For the fiscal year ending March 2025, the company reported sales of ₹13,218 Cr, reflecting a significant increase from ₹11,943 Cr in the previous fiscal year. The trailing twelve months (TTM) sales stood at ₹13,554 Cr, indicating a consistent upward trend. Quarterly sales figures also illustrate this growth, with revenues rising from ₹2,818 Cr in June 2022 to ₹3,529 Cr by June 2025. This upward movement signifies a compound quarterly growth rate that highlights CEAT’s increasing market share and operational efficiency. The company has effectively capitalized on both domestic and international demand, positioning itself favorably within the competitive tyre market.
Profitability and Efficiency Metrics
CEAT Ltd’s profitability metrics reveal a mixed performance but overall indicate improvement. The operating profit margin (OPM) stood at 11% for the current fiscal year, a decline from 14% in the previous fiscal year, yet it remains within competitive industry standards. Net profit for the same period was ₹471 Cr, which translates to an EPS of ₹116.85. The interest coverage ratio (ICR) recorded at 5.37x signifies robust capacity to meet interest obligations, highlighting financial health. Return on equity (ROE) was reported at 11.8%, while return on capital employed (ROCE) stood at 15.4%. These ratios suggest effective utilization of equity and capital, although the declining OPM indicates potential cost pressures that the company may need to address to sustain profitability amidst rising operational expenses.
Balance Sheet Strength and Financial Ratios
CEAT Ltd’s balance sheet reflects a healthy financial structure with total borrowings reported at ₹2,136 Cr against reserves of ₹4,328 Cr. The total debt to equity ratio stands at 0.44, suggesting a manageable level of debt relative to equity, which is favorable compared to industry norms. The company’s current ratio is reported at 0.66, indicating potential liquidity concerns as it falls below the ideal threshold of 1. However, the cash conversion cycle (CCC) is an impressive -13 days, showcasing the company’s efficiency in managing receivables and inventory. The price to book value (P/BV) ratio stands at 2.67x, suggesting that the stock may be valued at a premium compared to its book value, which is in line with growth expectations in the tyre sector.
Shareholding Pattern and Investor Confidence
CEAT Ltd’s shareholding pattern reveals a stable and diversified ownership structure. Promoters hold 47.21% of the company’s shares, indicating strong control and commitment. Foreign institutional investors (FIIs) have reduced their stake to 15.28%, while domestic institutional investors (DIIs) have increased their stake to 21.52%, reflecting growing domestic confidence in the company’s prospects. The public shareholding has slightly decreased to 15.99%. The total number of shareholders rose to 1,57,285, suggesting increasing retail interest in CEAT Ltd. This diversified ownership structure may enhance corporate governance and strategic decision-making, fostering investor confidence in the company’s long-term growth trajectory.
Outlook, Risks, and Final Insight
Looking ahead, CEAT Ltd is poised for growth driven by increasing demand for tyres in both the passenger and commercial vehicle segments. However, the company faces risks including rising raw material costs and potential supply chain disruptions which could squeeze margins. Additionally, with the current OPM decline, careful cost management will be critical to sustaining profitability. The company’s strong balance sheet and efficient cash conversion cycle provide a buffer against potential financial stresses. If CEAT can navigate these challenges effectively, it is positioned to continue its upward trajectory in a competitive market. The outlook remains cautiously optimistic, contingent on the company’s ability to adapt to market dynamics and maintain operational efficiency.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of CEAT Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Goodyear India Ltd | 2,264 Cr. | 981 | 1,084/806 | 51.2 | 261 | 2.44 % | 13.0 % | 9.31 % | 10.0 |
| TVS Srichakra Ltd | 3,131 Cr. | 4,083 | 4,245/2,430 | 142 | 1,546 | 0.41 % | 5.36 % | 2.35 % | 10.0 |
| JK Tyre & Industries Ltd | 11,694 Cr. | 427 | 440/232 | 21.4 | 177 | 0.70 % | 12.8 % | 11.1 % | 2.00 |
| CEAT Ltd | 16,500 Cr. | 4,079 | 4,438/2,322 | 31.5 | 1,080 | 0.74 % | 15.4 % | 11.8 % | 10.0 |
| Balkrishna Industries Ltd | 45,167 Cr. | 2,336 | 2,959/2,152 | 31.1 | 537 | 0.68 % | 16.7 % | 15.8 % | 2.00 |
| Industry Average | 18,466.17 Cr | 2,068.33 | 50.52 | 638.83 | 0.99% | 12.44% | 9.83% | 5.83 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,818 | 2,894 | 2,727 | 2,875 | 2,935 | 3,053 | 2,963 | 2,992 | 3,193 | 3,305 | 3,300 | 3,421 | 3,529 |
| Expenses | 2,653 | 2,691 | 2,490 | 2,507 | 2,548 | 2,597 | 2,546 | 2,600 | 2,810 | 2,942 | 2,959 | 3,033 | 3,142 |
| Operating Profit | 165 | 203 | 238 | 368 | 387 | 456 | 418 | 392 | 383 | 362 | 341 | 388 | 388 |
| OPM % | 6% | 7% | 9% | 13% | 13% | 15% | 14% | 13% | 12% | 11% | 10% | 11% | 11% |
| Other Income | 2 | -14 | 2 | -6 | 3 | 10 | 3 | -55 | 14 | 3 | 3 | -33 | 1 |
| Interest | 52 | 58 | 66 | 67 | 70 | 72 | 66 | 62 | 62 | 66 | 75 | 74 | 82 |
| Depreciation | 111 | 115 | 117 | 125 | 121 | 124 | 127 | 136 | 132 | 137 | 141 | 152 | 151 |
| Profit before tax | 4 | 16 | 56 | 170 | 199 | 270 | 228 | 139 | 203 | 162 | 128 | 129 | 156 |
| Tax % | 31% | 65% | 27% | 27% | 27% | 25% | 24% | 33% | 27% | 29% | 28% | 28% | 27% |
| Net Profit | 9 | 6 | 35 | 132 | 144 | 208 | 181 | 102 | 154 | 121 | 97 | 99 | 112 |
| EPS in Rs | 2.29 | 1.94 | 8.75 | 33.05 | 35.75 | 51.42 | 44.87 | 26.84 | 38.11 | 30.13 | 24.01 | 24.60 | 27.80 |
Last Updated: August 1, 2025, 10:55 pm
Below is a detailed analysis of the quarterly data for CEAT Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 3,529.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,421.00 Cr. (Mar 2025) to 3,529.00 Cr., marking an increase of 108.00 Cr..
- For Expenses, as of Jun 2025, the value is 3,142.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,033.00 Cr. (Mar 2025) to 3,142.00 Cr., marking an increase of 109.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 388.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 388.00 Cr..
- For OPM %, as of Jun 2025, the value is 11.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 11.00%.
- For Other Income, as of Jun 2025, the value is 1.00 Cr.. The value appears strong and on an upward trend. It has increased from -33.00 Cr. (Mar 2025) to 1.00 Cr., marking an increase of 34.00 Cr..
- For Interest, as of Jun 2025, the value is 82.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 74.00 Cr. (Mar 2025) to 82.00 Cr., marking an increase of 8.00 Cr..
- For Depreciation, as of Jun 2025, the value is 151.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 152.00 Cr. (Mar 2025) to 151.00 Cr., marking a decrease of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 156.00 Cr.. The value appears strong and on an upward trend. It has increased from 129.00 Cr. (Mar 2025) to 156.00 Cr., marking an increase of 27.00 Cr..
- For Tax %, as of Jun 2025, the value is 27.00%. The value appears to be improving (decreasing) as expected. It has decreased from 28.00% (Mar 2025) to 27.00%, marking a decrease of 1.00%.
- For Net Profit, as of Jun 2025, the value is 112.00 Cr.. The value appears strong and on an upward trend. It has increased from 99.00 Cr. (Mar 2025) to 112.00 Cr., marking an increase of 13.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 27.80. The value appears strong and on an upward trend. It has increased from 24.60 (Mar 2025) to 27.80, marking an increase of 3.20.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:32 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,464 | 5,705 | 5,484 | 5,766 | 6,282 | 6,985 | 6,779 | 7,610 | 9,363 | 11,315 | 11,943 | 13,218 | 13,554 |
| Expenses | 4,790 | 5,013 | 4,694 | 5,096 | 5,652 | 6,332 | 6,052 | 6,617 | 8,640 | 10,341 | 10,291 | 11,742 | 12,075 |
| Operating Profit | 673 | 692 | 789 | 670 | 630 | 652 | 727 | 993 | 724 | 974 | 1,653 | 1,475 | 1,479 |
| OPM % | 12% | 12% | 14% | 12% | 10% | 9% | 11% | 13% | 8% | 9% | 14% | 11% | 11% |
| Other Income | 3 | 16 | 7 | 28 | 9 | 10 | 8 | 10 | 17 | -8 | -18 | 8 | -24 |
| Interest | 187 | 142 | 101 | 90 | 104 | 93 | 154 | 179 | 210 | 242 | 269 | 278 | 298 |
| Depreciation | 87 | 93 | 108 | 143 | 169 | 193 | 277 | 340 | 435 | 469 | 509 | 563 | 582 |
| Profit before tax | 403 | 472 | 587 | 466 | 367 | 376 | 304 | 484 | 95 | 254 | 857 | 643 | 574 |
| Tax % | 33% | 33% | 32% | 23% | 36% | 33% | 24% | 11% | 26% | 28% | 26% | 27% | |
| Net Profit | 271 | 314 | 436 | 359 | 233 | 251 | 230 | 432 | 71 | 182 | 635 | 471 | 429 |
| EPS in Rs | 75.44 | 78.41 | 108.17 | 89.28 | 58.83 | 62.35 | 57.17 | 106.81 | 17.60 | 46.02 | 158.87 | 116.85 | 106.54 |
| Dividend Payout % | 13% | 13% | 11% | 13% | 20% | 19% | 21% | 17% | 17% | 26% | 19% | 3% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 15.87% | 38.85% | -17.66% | -35.10% | 7.73% | -8.37% | 87.83% | -83.56% | 156.34% | 248.90% | -25.83% |
| Change in YoY Net Profit Growth (%) | 0.00% | 22.99% | -56.51% | -17.44% | 42.82% | -16.09% | 96.19% | -171.39% | 239.90% | 92.56% | -274.73% |
CEAT Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 14% |
| 3 Years: | 12% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 15% |
| 3 Years: | 79% |
| TTM: | -33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 31% |
| 3 Years: | 34% |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Last Year: | 12% |
Last Updated: September 5, 2025, 1:40 am
Balance Sheet
Last Updated: August 11, 2025, 1:48 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 993 | 1,642 | 2,014 | 2,374 | 2,566 | 2,726 | 2,867 | 3,276 | 3,232 | 3,399 | 4,002 | 4,328 |
| Borrowings | 1,174 | 775 | 663 | 924 | 872 | 1,498 | 2,035 | 1,533 | 2,229 | 2,295 | 1,792 | 2,136 |
| Other Liabilities | 1,338 | 1,365 | 1,390 | 1,578 | 1,669 | 2,140 | 2,423 | 3,284 | 3,658 | 3,891 | 4,160 | 4,707 |
| Total Liabilities | 3,540 | 3,822 | 4,108 | 4,917 | 5,146 | 6,404 | 7,366 | 8,133 | 9,160 | 9,627 | 9,994 | 11,212 |
| Fixed Assets | 1,565 | 1,581 | 2,032 | 2,453 | 2,709 | 3,180 | 4,160 | 4,763 | 5,329 | 6,096 | 6,271 | 6,984 |
| CWIP | 82 | 229 | 299 | 326 | 310 | 833 | 1,069 | 793 | 876 | 596 | 684 | 538 |
| Investments | 0 | 312 | 195 | 232 | 214 | 181 | 184 | 210 | 179 | 170 | 182 | 190 |
| Other Assets | 1,893 | 1,700 | 1,581 | 1,907 | 1,914 | 2,210 | 1,954 | 2,367 | 2,775 | 2,765 | 2,858 | 3,501 |
| Total Assets | 3,540 | 3,822 | 4,108 | 4,917 | 5,146 | 6,404 | 7,366 | 8,133 | 9,160 | 9,627 | 9,994 | 11,212 |
Below is a detailed analysis of the balance sheet data for CEAT Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 40.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 40.00 Cr..
- For Reserves, as of Mar 2025, the value is 4,328.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,002.00 Cr. (Mar 2024) to 4,328.00 Cr., marking an increase of 326.00 Cr..
- For Borrowings, as of Mar 2025, the value is 2,136.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1,792.00 Cr. (Mar 2024) to 2,136.00 Cr., marking an increase of 344.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 4,707.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,160.00 Cr. (Mar 2024) to 4,707.00 Cr., marking an increase of 547.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 11,212.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,994.00 Cr. (Mar 2024) to 11,212.00 Cr., marking an increase of 1,218.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 6,984.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,271.00 Cr. (Mar 2024) to 6,984.00 Cr., marking an increase of 713.00 Cr..
- For CWIP, as of Mar 2025, the value is 538.00 Cr.. The value appears to be declining and may need further review. It has decreased from 684.00 Cr. (Mar 2024) to 538.00 Cr., marking a decrease of 146.00 Cr..
- For Investments, as of Mar 2025, the value is 190.00 Cr.. The value appears strong and on an upward trend. It has increased from 182.00 Cr. (Mar 2024) to 190.00 Cr., marking an increase of 8.00 Cr..
- For Other Assets, as of Mar 2025, the value is 3,501.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,858.00 Cr. (Mar 2024) to 3,501.00 Cr., marking an increase of 643.00 Cr..
- For Total Assets, as of Mar 2025, the value is 11,212.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,994.00 Cr. (Mar 2024) to 11,212.00 Cr., marking an increase of 1,218.00 Cr..
Notably, the Reserves (4,328.00 Cr.) exceed the Borrowings (2,136.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 672.00 | -83.00 | 126.00 | -254.00 | -242.00 | 651.00 | 725.00 | 992.00 | 722.00 | 972.00 | 0.00 | -1.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 45 | 40 | 39 | 43 | 37 | 36 | 44 | 45 | 42 | 39 | 46 |
| Inventory Days | 77 | 70 | 76 | 101 | 75 | 88 | 88 | 97 | 79 | 56 | 61 | 63 |
| Days Payable | 71 | 68 | 75 | 81 | 83 | 92 | 111 | 157 | 131 | 112 | 123 | 122 |
| Cash Conversion Cycle | 57 | 47 | 40 | 59 | 35 | 33 | 12 | -16 | -6 | -14 | -23 | -13 |
| Working Capital Days | -19 | -7 | 11 | 21 | -9 | -11 | -27 | -41 | -41 | -49 | -51 | -49 |
| ROCE % | 30% | 26% | 27% | 19% | 15% | 13% | 10% | 14% | 6% | 9% | 20% | 15% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Mirae Asset Large & Midcap Fund | 1,546,268 | 1.14 | 397.24 | 1,546,268 | 2025-04-22 17:25:39 | 0% |
| Mirae Asset Midcap Fund | 875,363 | 1.49 | 224.88 | 875,363 | 2025-04-22 17:25:39 | 0% |
| Mirae Asset ELSS Tax Saver Fund | 844,258 | 0.97 | 216.89 | 844,258 | 2025-04-22 17:25:39 | 0% |
| Mirae Asset Great Consumer Fund | 387,902 | 2.97 | 99.65 | 387,902 | 2025-04-22 17:25:39 | 0% |
| Aditya Birla Sun Life Small Cap Fund | 154,856 | 0.84 | 39.78 | 154,856 | 2025-04-22 17:25:39 | 0% |
| Mirae Asset Multicap Fund | 136,967 | 1.31 | 35.19 | 136,967 | 2025-04-22 16:51:54 | 0% |
| ICICI Prudential Transportation and Logistics Fund | 126,829 | 1.15 | 32.58 | 126,829 | 2025-04-22 17:25:39 | 0% |
| Sundaram Aggressive Hybrid Fund | 120,000 | 0.67 | 30.83 | 120,000 | 2025-04-22 17:25:39 | 0% |
| Sundaram Multi Cap Fund | 52,105 | 0.54 | 13.39 | 52,105 | 2025-04-22 17:25:39 | 0% |
| Aditya Birla Sun Life Special Opportunities Fund | 26,209 | 0.92 | 6.73 | 26,209 | 2025-04-22 17:25:39 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 116.85 | 158.87 | 46.03 | 17.60 | 106.81 |
| Diluted EPS (Rs.) | 116.85 | 158.87 | 46.03 | 17.60 | 106.81 |
| Cash EPS (Rs.) | 250.25 | 277.70 | 159.08 | 117.93 | 181.86 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 1079.98 | 1001.82 | 854.64 | 814.92 | 825.59 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 1079.98 | 1001.82 | 854.64 | 814.92 | 825.59 |
| Revenue From Operations / Share (Rs.) | 3267.70 | 2952.65 | 2797.25 | 2314.81 | 1881.24 |
| PBDIT / Share (Rs.) | 368.77 | 413.34 | 244.93 | 178.29 | 246.42 |
| PBIT / Share (Rs.) | 229.67 | 287.55 | 128.91 | 70.70 | 162.46 |
| PBT / Share (Rs.) | 153.67 | 206.65 | 60.80 | 16.35 | 110.65 |
| Net Profit / Share (Rs.) | 111.14 | 151.91 | 43.06 | 10.34 | 97.90 |
| NP After MI And SOA / Share (Rs.) | 116.85 | 158.88 | 46.02 | 17.60 | 106.81 |
| PBDIT Margin (%) | 11.28 | 13.99 | 8.75 | 7.70 | 13.09 |
| PBIT Margin (%) | 7.02 | 9.73 | 4.60 | 3.05 | 8.63 |
| PBT Margin (%) | 4.70 | 6.99 | 2.17 | 0.70 | 5.88 |
| Net Profit Margin (%) | 3.40 | 5.14 | 1.53 | 0.44 | 5.20 |
| NP After MI And SOA Margin (%) | 3.57 | 5.38 | 1.64 | 0.76 | 5.67 |
| Return on Networth / Equity (%) | 10.81 | 15.89 | 5.41 | 2.17 | 13.02 |
| Return on Capital Employeed (%) | 15.36 | 20.54 | 9.50 | 5.20 | 12.92 |
| Return On Assets (%) | 4.21 | 6.43 | 1.93 | 0.77 | 5.31 |
| Long Term Debt / Equity (X) | 0.21 | 0.23 | 0.41 | 0.52 | 0.40 |
| Total Debt / Equity (X) | 0.44 | 0.40 | 0.60 | 0.64 | 0.41 |
| Asset Turnover Ratio (%) | 1.25 | 1.22 | 1.21 | 0.00 | 0.99 |
| Current Ratio (X) | 0.66 | 0.63 | 0.64 | 0.72 | 0.73 |
| Quick Ratio (X) | 0.39 | 0.36 | 0.37 | 0.36 | 0.36 |
| Inventory Turnover Ratio (X) | 10.32 | 6.05 | 6.04 | 0.00 | 4.10 |
| Dividend Payout Ratio (NP) (%) | 25.67 | 7.55 | 6.52 | 102.26 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 11.72 | 4.21 | 1.85 | 14.37 | 0.00 |
| Earning Retention Ratio (%) | 74.33 | 92.45 | 93.48 | -2.26 | 0.00 |
| Cash Earning Retention Ratio (%) | 88.28 | 95.79 | 98.15 | 85.63 | 0.00 |
| Interest Coverage Ratio (X) | 5.37 | 6.21 | 4.09 | 3.48 | 5.68 |
| Interest Coverage Ratio (Post Tax) (X) | 2.72 | 3.50 | 1.86 | 1.26 | 3.45 |
| Enterprise Value (Cr.) | 13536.08 | 12411.06 | 7904.07 | 5853.14 | 7657.42 |
| EV / Net Operating Revenue (X) | 1.02 | 1.04 | 0.69 | 0.62 | 1.01 |
| EV / EBITDA (X) | 9.07 | 7.42 | 7.98 | 8.12 | 7.68 |
| MarketCap / Net Operating Revenue (X) | 0.88 | 0.90 | 0.51 | 0.40 | 0.82 |
| Retention Ratios (%) | 74.32 | 92.44 | 93.47 | -2.26 | 0.00 |
| Price / BV (X) | 2.67 | 2.68 | 1.71 | 1.15 | 1.90 |
| Price / Net Operating Revenue (X) | 0.88 | 0.90 | 0.51 | 0.40 | 0.82 |
| EarningsYield | 0.04 | 0.05 | 0.03 | 0.01 | 0.06 |
After reviewing the key financial ratios for CEAT Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 116.85. This value is within the healthy range. It has decreased from 158.87 (Mar 24) to 116.85, marking a decrease of 42.02.
- For Diluted EPS (Rs.), as of Mar 25, the value is 116.85. This value is within the healthy range. It has decreased from 158.87 (Mar 24) to 116.85, marking a decrease of 42.02.
- For Cash EPS (Rs.), as of Mar 25, the value is 250.25. This value is within the healthy range. It has decreased from 277.70 (Mar 24) to 250.25, marking a decrease of 27.45.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,079.98. It has increased from 1,001.82 (Mar 24) to 1,079.98, marking an increase of 78.16.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,079.98. It has increased from 1,001.82 (Mar 24) to 1,079.98, marking an increase of 78.16.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 3,267.70. It has increased from 2,952.65 (Mar 24) to 3,267.70, marking an increase of 315.05.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 368.77. This value is within the healthy range. It has decreased from 413.34 (Mar 24) to 368.77, marking a decrease of 44.57.
- For PBIT / Share (Rs.), as of Mar 25, the value is 229.67. This value is within the healthy range. It has decreased from 287.55 (Mar 24) to 229.67, marking a decrease of 57.88.
- For PBT / Share (Rs.), as of Mar 25, the value is 153.67. This value is within the healthy range. It has decreased from 206.65 (Mar 24) to 153.67, marking a decrease of 52.98.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 111.14. This value is within the healthy range. It has decreased from 151.91 (Mar 24) to 111.14, marking a decrease of 40.77.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 116.85. This value is within the healthy range. It has decreased from 158.88 (Mar 24) to 116.85, marking a decrease of 42.03.
- For PBDIT Margin (%), as of Mar 25, the value is 11.28. This value is within the healthy range. It has decreased from 13.99 (Mar 24) to 11.28, marking a decrease of 2.71.
- For PBIT Margin (%), as of Mar 25, the value is 7.02. This value is below the healthy minimum of 10. It has decreased from 9.73 (Mar 24) to 7.02, marking a decrease of 2.71.
- For PBT Margin (%), as of Mar 25, the value is 4.70. This value is below the healthy minimum of 10. It has decreased from 6.99 (Mar 24) to 4.70, marking a decrease of 2.29.
- For Net Profit Margin (%), as of Mar 25, the value is 3.40. This value is below the healthy minimum of 5. It has decreased from 5.14 (Mar 24) to 3.40, marking a decrease of 1.74.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 3.57. This value is below the healthy minimum of 8. It has decreased from 5.38 (Mar 24) to 3.57, marking a decrease of 1.81.
- For Return on Networth / Equity (%), as of Mar 25, the value is 10.81. This value is below the healthy minimum of 15. It has decreased from 15.89 (Mar 24) to 10.81, marking a decrease of 5.08.
- For Return on Capital Employeed (%), as of Mar 25, the value is 15.36. This value is within the healthy range. It has decreased from 20.54 (Mar 24) to 15.36, marking a decrease of 5.18.
- For Return On Assets (%), as of Mar 25, the value is 4.21. This value is below the healthy minimum of 5. It has decreased from 6.43 (Mar 24) to 4.21, marking a decrease of 2.22.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.21. This value is within the healthy range. It has decreased from 0.23 (Mar 24) to 0.21, marking a decrease of 0.02.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.44. This value is within the healthy range. It has increased from 0.40 (Mar 24) to 0.44, marking an increase of 0.04.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.25. It has increased from 1.22 (Mar 24) to 1.25, marking an increase of 0.03.
- For Current Ratio (X), as of Mar 25, the value is 0.66. This value is below the healthy minimum of 1.5. It has increased from 0.63 (Mar 24) to 0.66, marking an increase of 0.03.
- For Quick Ratio (X), as of Mar 25, the value is 0.39. This value is below the healthy minimum of 1. It has increased from 0.36 (Mar 24) to 0.39, marking an increase of 0.03.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 10.32. This value exceeds the healthy maximum of 8. It has increased from 6.05 (Mar 24) to 10.32, marking an increase of 4.27.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 25.67. This value is within the healthy range. It has increased from 7.55 (Mar 24) to 25.67, marking an increase of 18.12.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 11.72. This value is below the healthy minimum of 20. It has increased from 4.21 (Mar 24) to 11.72, marking an increase of 7.51.
- For Earning Retention Ratio (%), as of Mar 25, the value is 74.33. This value exceeds the healthy maximum of 70. It has decreased from 92.45 (Mar 24) to 74.33, marking a decrease of 18.12.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 88.28. This value exceeds the healthy maximum of 70. It has decreased from 95.79 (Mar 24) to 88.28, marking a decrease of 7.51.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 5.37. This value is within the healthy range. It has decreased from 6.21 (Mar 24) to 5.37, marking a decrease of 0.84.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.72. This value is below the healthy minimum of 3. It has decreased from 3.50 (Mar 24) to 2.72, marking a decrease of 0.78.
- For Enterprise Value (Cr.), as of Mar 25, the value is 13,536.08. It has increased from 12,411.06 (Mar 24) to 13,536.08, marking an increase of 1,125.02.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.02. This value is within the healthy range. It has decreased from 1.04 (Mar 24) to 1.02, marking a decrease of 0.02.
- For EV / EBITDA (X), as of Mar 25, the value is 9.07. This value is within the healthy range. It has increased from 7.42 (Mar 24) to 9.07, marking an increase of 1.65.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.88. This value is below the healthy minimum of 1. It has decreased from 0.90 (Mar 24) to 0.88, marking a decrease of 0.02.
- For Retention Ratios (%), as of Mar 25, the value is 74.32. This value exceeds the healthy maximum of 70. It has decreased from 92.44 (Mar 24) to 74.32, marking a decrease of 18.12.
- For Price / BV (X), as of Mar 25, the value is 2.67. This value is within the healthy range. It has decreased from 2.68 (Mar 24) to 2.67, marking a decrease of 0.01.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.88. This value is below the healthy minimum of 1. It has decreased from 0.90 (Mar 24) to 0.88, marking a decrease of 0.02.
- For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 24) to 0.04, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in CEAT Ltd:
- Net Profit Margin: 3.4%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 15.36% (Industry Average ROCE: 12.44%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 10.81% (Industry Average ROE: 9.83%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 2.72
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.39
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 31.5 (Industry average Stock P/E: 50.52)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.44
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 3.4%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Tyres & Tubes | 463, Dr. Annie Besant Road, Worli, Mumbai Maharashtra 400030 | investors@ceat.com http://www.ceat.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. H V Goenka | Chairman |
| Mr. Anant Vardhan Goenka | Vice Chairman |
| Mr. Arnab Banerjee | Managing Director & CEO |
| Mr. Paras K Chowdhary | Non Independent Director |
| Mr. Pierre E Cohade | Non Independent Director |
| Ms. Daisy Chittilapilly | Independent Director |
| Mr. Milind Sarwate | Independent Director |
| Ms. Sukanya Kripalu | Independent Director |
| Dr. Santrupt Misra | Independent Director |
FAQ
What is the intrinsic value of CEAT Ltd?
CEAT Ltd's intrinsic value (as of 29 October 2025) is 3235.25 which is 20.69% lower the current market price of 4,079.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 16,500 Cr. market cap, FY2025-2026 high/low of 4,438/2,322, reserves of ₹4,328 Cr, and liabilities of 11,212 Cr.
What is the Market Cap of CEAT Ltd?
The Market Cap of CEAT Ltd is 16,500 Cr..
What is the current Stock Price of CEAT Ltd as on 29 October 2025?
The current stock price of CEAT Ltd as on 29 October 2025 is 4,079.
What is the High / Low of CEAT Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of CEAT Ltd stocks is 4,438/2,322.
What is the Stock P/E of CEAT Ltd?
The Stock P/E of CEAT Ltd is 31.5.
What is the Book Value of CEAT Ltd?
The Book Value of CEAT Ltd is 1,080.
What is the Dividend Yield of CEAT Ltd?
The Dividend Yield of CEAT Ltd is 0.74 %.
What is the ROCE of CEAT Ltd?
The ROCE of CEAT Ltd is 15.4 %.
What is the ROE of CEAT Ltd?
The ROE of CEAT Ltd is 11.8 %.
What is the Face Value of CEAT Ltd?
The Face Value of CEAT Ltd is 10.0.